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Search resuls for: "Nasdaq Stock Market"


13 mentions found


☆ Bed Bath beefs up legal team ahead of possible bankruptcy filing in New Jersey
  + stars: | 2023-01-20 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
A "Store Closing" banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Bed Bath has been in discussions to nail down financing that would keep it afloat if it were to file for bankruptcy, CNBC previously reported. Bed Bath also recently hired consulting firm AlixPartners as one of its advisors, replacing Berkeley Research Group, CNBC previously reported. Despite efforts to stave off landing in bankruptcy protection, a filing will likely occur in the weeks ahead, the people said. Earlier this month, Bed Bath warned of a looming bankruptcy as its turnaround plans failed to improve the business and its balance sheet deteriorated.
☆ Snap up Tesla shares if Elon Musk's chaotic Twitter takeover drags the stock below $125, a veteran strategist says
  + stars: | 2022-12-21 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Elon Musk's Twitter saga could make Tesla stock a bargain if it falls to $125, a trading strategist said. Tesla has tanked 38% since Musk bought Twitter, which is seen as a distraction for the EV maker's CEO. "It's a momentum name, it was a high valuation, and Musk lost his halo," T3 Trading's Scott Redler said. "I've been trading Tesla for years," the chief strategist told Fox Business. Tesla shares were up 2.48% at $141.22 in premarket trading Wednesday, after closing 8% lower at $137.80 on Tuesday.
☆ One of the market's biggest ETFs is changing its holdings. Here's what's new
  + stars: | 2022-12-17 | by ( Jesse Pound | ) www.cnbc.com   time to read: +2 min
The index behind one of the biggest ETFs on the market is getting a shakeup next week, creating a shift in the portfolios of many investors. The index is the backbone of the Invesco QQQ Trust , one of the biggest ETFs on the market with more than $150 billion in assets under management. Investors who own the QQQ will see their own portfolios indirectly change as the massive fund rotates its holdings. Discovery are also not perfect fits within the tech sector. The Invesco QQQ Trust, which was launched in 1999, has an expense ratio of 0.20%.
☆ How the Management Top 250 Rankings Are Picked
  + stars: | 2022-12-11 | by ( ) www.wsj.com   time to read: +1 min
The Management Top 250 ranking is based on a holistic measure of corporate effectiveness that was developed by the Drucker Institute, a part of Claremont Graduate University in Claremont, Calif. The measure seeks to assess how well a company follows a core set of principles advanced by the late Peter Drucker , a professor, consultant, author and longtime Wall Street Journal columnist. These principles serve as touchstones for five dimensions of corporate performance: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. They are standardized so that the typical range is 0 to 100, the mean is 50 and the standard deviation is 10. If a company is one standard deviation below the mean (with a score of 40), its results fall in the bottom 15% to 20% of that larger universe.
☆ FTX crash shares eerie similarities with Bernie Madoff, ex-regulator Sheila Bair says
  + stars: | 2022-11-15 | by ( Matt Egan | ) edition.cnn.com   time to read: +6 min
Sheila Bair, a top regulator during the 2008 financial crisis, told CNN there are eerie similarities between the dramatic rise and fall of Bankman-Fried and FTX and that of infamous Ponzi scheme mastermind Bernie Madoff. Bair notes that 30-year-old Bankman-Fried, like Madoff, proved adept at using his pedigree and connections to seduce sophisticated investors and regulators into missing “red flags” hiding in plain sight. Up until the bankruptcy filing, FTX even had an application pending with federal regulators to clear derivatives, The Wall Street Journal reported. FTX’s bankruptcy filing indicates it had liabilities of $10 billion to $50 billion at the time of the filing. — If you are an FTX customer and want to discuss how you have been impacted by the bankruptcy, please reach out to Matt.Egan@CNN.com
☆ EV startup Faraday Future signs deal to raise up to $350 mln
  + stars: | 2022-11-14 | by ( ) www.reuters.com   time to read: +1 min
Nov 14 (Reuters) - Faraday Future Intelligent Electric (FFIE.O) said on Monday it had signed a deal to raise up to $350 million as the electric-vehicle startup looks to roll out its FF 91 luxury car. The company said that financing from an affiliate of Yorkville Advisors Global at an initial commitment of $200 million gives it financial flexibility to help start production and deliver its car to customers. Faraday Future settled a governance dispute in September and raised $100 million after it said a "misinformation campaign" and threats against some board members had affected its fundraising efforts. Shareholders last week approved a reverse stock split proposal after the company received a notice from the Nasdaq Stock Market on failing to maintain a minimum bid price of at least $1 per share for 30 consecutive sessions. Reporting by Akash Sriram in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
☆ 12 members of Congress have traded stock in Elon Musk's companies during 2022
  + stars: | 2022-11-11 | by ( Madison Hall | ) www.businessinsider.com   time to read: +1 min
After formally acquiring Twitter on Thursday, Elon Musk now leads two companies — Twitter and Tesla — with popular stock. Insider found that a dozen members of Congress or their spouses traded stocks in one or both companies in 2022. After completing his purchase of Twitter on Thursday, serial entrepreneur Elon Musk — the wealthiest person in the world — is now the leader of two publicly-traded companies: Tesla and soon-to-be-private Twitter. Insider found that at least 12 members of Congress or their family members personally traded stocks in Twitter or Tesla in 2022. Here are the 12 members of Congress who reported stock trades in Twitter and Tesla in 2022, according to an Insider analysis of lawmakers' personal financial disclosures filed with Congress:
☆ Dentsply Sirona Finds Improper Accounting for Incentives, Plans to Restate Earnings
  + stars: | 2022-11-01 | by ( Mark Maurer | ) www.wsj.com   time to read: +7 min
The company said it overstated net sales and net income for the nine-month period ended Sept. 30, 2021 by $35 million and $27 million, respectively. Dentsply also said it overstated its net sales and net income for the 2021 fiscal year by $20 million and $10 million, respectively. It also booked a combined $108 million in related net sales during those quarters. As a result, Dentsply overstated net sales in the third quarter of 2021 by roughly $4 million, which should have been recorded the following quarter. A re-evaluation of controls and procedures identified one or more material weaknesses in the company’s internal controls over financial reporting.
☆ Meet the members of Congress who've traded stock in Elon Musk's companies during 2022
  + stars: | 2022-10-28 | by ( Madison Hall | ) www.businessinsider.com   time to read: +1 min
After formally acquiring Twitter on Thursday, Elon Musk now leads two companies — Twitter and Tesla — with popular stock. Insider found that a dozen members of Congress or their spouses traded stocks in one or both companies in 2022. After completing his purchase of Twitter on Thursday, serial entrepreneur Elon Musk — the wealthiest person in the world — is now the leader of two publicly-traded companies: Tesla and soon-to-be-private Twitter. Insider found that at least 12 members of Congress or their family members personally traded stocks in Twitter or Tesla in 2022. Here are the 12 members of Congress who reported stock trades in Twitter and Tesla in 2022, according to an Insider analysis of lawmakers' personal financial disclosures filed with Congress:
☆ Mobileye Shares Open Higher in Stock-Market Debut
  + stars: | 2022-10-26 | by ( Corrie Driebusch | Tim Higgins | ) www.wsj.com   time to read: 1 min
Shares of Mobileye Global rose 27% out of the gate in their trading debut, in one of the highest-profile and largest initial public offerings of the year. Intel automated car-driving unit initially traded at $26.71, above its IPO price of $21 a share. That gives Mobileye a valuation of more than $21 billion. The stock opened on the Nasdaq stock market a little before midday Wednesday, trading under the symbol MBLY. More than 3.5 million shares changed hands in the opening trade.
☆ Mobileye Shares Open Higher In Stock-Market Debut
  + stars: | 2022-10-26 | by ( Corrie Driebusch | Tim Higgins | ) www.wsj.com   time to read: 1 min
Shares of Mobileye Global rose 27% out of the gate in their trading debut, in one of the highest-profile and largest initial public offerings of the year. Intel automated car-driving unit initially traded at $26.71, above its IPO price of $21 a share. That gives Mobileye a valuation of more than $21 billion. The stock opened on the Nasdaq stock market a little before midday Wednesday, trading under the symbol MBLY. More than 3.5 million shares changed hands in the opening trade.
☆ Mobileye Shares Close Higher in Stock-Market Debut
  + stars: | 2022-10-26 | by ( Corrie Driebusch | Tim Higgins | ) www.wsj.com   time to read: 1 min
Shares of Mobileye Global rose 38% in their trading debut, providing a rare bright spot for an IPO market that is having its worst year in memory. Intel automated car-driving unit closed at $28.97, above its initial public offering price of $21 a share, giving Mobileye a valuation of roughly $23 billion. The stock opened on the Nasdaq Stock Market a little before midday Wednesday, trading under the symbol MBLY.
☆ Nasdaq Freezes Chinese Small-Cap IPOs After Price Spikes
  + stars: | 2022-10-22 | by ( Michelle Chan | ) www.wsj.com   time to read: 1 min
The Nasdaq Stock Market’s pause on new listings of small-cap Chinese companies adds more bad news for those companies still hoping to raise money and go public in the U.S. The Nasdaq Stock Market has quietly halted listings of small-cap Chinese companies, holding up approval letters and demanding more information about related parties in deals, after a series of meteoric run-ups—and dramatic collapses—in IPOs this year. Shares of more than 20 recently listed companies have risen over 100% on their first day of trading. They include Hong Kong-based fintech company AMTD Digital which briefly jumped over 320-fold after its July listing, and Chinese garment maker Addentax Group which rose more than 130-fold on its market debut in August. The two stocks have since lost more than 98% of their value.
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